Can I retire at age 51 with 620,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$51,199$50,743$50,298$49,864$49,440$47,648
2 years$25,346$24,874$24,417$23,973$23,543$21,757
3 years$16,730$16,255$15,799$15,360$14,936$13,213
4 years$12,422$11,949$11,498$11,066$10,653$9,005
5 years$9,838$9,369$8,923$8,500$8,098$6,530
6 years$8,116$7,650$7,211$6,797$6,408$4,921
7 years$6,887$6,425$5,992$5,588$5,211$3,805
8 years$5,965$5,507$5,082$4,688$4,323$2,996
9 years$5,249$4,795$4,377$3,993$3,641$2,392
10 years$4,676$4,226$3,816$3,442$3,102$1,928
11 years$4,207$3,763$3,360$2,996$2,668$1,567
12 years$3,817$3,377$2,982$2,628$2,312$1,282
13 years$3,488$3,052$2,664$2,320$2,016$1,053
14 years$3,205$2,774$2,393$2,059$1,767$869
15 years$2,961$2,534$2,161$1,836$1,556$719
16 years$2,747$2,325$1,959$1,644$1,375$597
17 years$2,558$2,141$1,783$1,477$1,219$496
18 years$2,391$1,979$1,627$1,331$1,084$413
19 years$2,242$1,834$1,490$1,203$966$345
20 years$2,107$1,704$1,367$1,090$863$288
21 years$1,986$1,587$1,258$989$772$241
22 years$1,875$1,482$1,159$899$692$202
23 years$1,775$1,386$1,070$819$622$169
24 years$1,683$1,298$990$747$559$141
25 years$1,598$1,218$917$682$503$119
26 years$1,521$1,145$850$624$453$99
27 years$1,449$1,078$790$571$408$83
28 years$1,382$1,016$734$523$368$70
29 years$1,320$958$683$480$333$59
30 years$1,262$905$636$440$301$49
31 years$1,208$855$593$404$272$41
32 years$1,158$809$553$372$246$35
33 years$1,110$766$517$342$222$29
34 years$1,066$726$483$314$201$25
35 years$1,024$689$451$289$182$21
36 years$985$654$422$267$165$17
37 years$948$621$395$246$150$15
38 years$912$590$370$226$136$12
39 years$879$561$347$209$123$10
40 years$848$534$325$192$112$9
41 years$818$508$305$178$101$7
42 years$789$484$286$164$92$6
43 years$762$461$268$151$83$5
44 years$737$440$252$140$76$4
45 years$712$419$236$129$69$4
46 years$689$400$222$119$62$3
47 years$667$382$209$110$57$3
48 years$645$364$196$102$51$2
49 years$625$348$184$94$47$2
50 years$605$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $620,000, adding $4,984 every year, while hoping to spend $30,609 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/34/15 Blend
50$620,000$620,000$620,000$620,000
51$688,381$655,521$645,911$720,435
52$726,028$655,074$634,981$742,519
53$766,489$653,579$622,660$762,892
54$810,019$650,952$608,867$784,359
55$856,898$647,106$593,520$807,036
56$907,432$641,945$576,534$831,046
57$961,960$635,369$557,817$856,530
58$1,020,851$627,274$537,276$883,645
59$1,084,514$617,546$514,810$912,563
60$1,153,395$606,067$490,317$943,479
61$1,227,988$592,710$463,689$976,606
62$1,308,833$577,343$434,813$1,012,185
63$1,396,525$559,824$403,570$1,050,481
64$1,491,718$540,003$369,838$1,091,790
65$1,595,133$517,723$333,487$1,136,439
66$1,707,561$492,816$294,384$1,184,794
67$1,829,873$465,105$252,386$1,237,258
68$1,963,028$434,402$207,348$1,294,282
69$2,108,079$400,510$159,117$1,356,362
70$2,266,187$363,219$107,531$1,424,053
71$2,438,629$322,308$52,425$1,497,967
72$2,626,811$277,543$0$1,578,784
73$2,832,280$228,677$0$1,668,279
74$3,056,740$175,449$0$1,775,285
75$3,302,064$117,583$0$1,892,358
76$3,570,318$54,788$0$2,020,556
77$3,863,774$0$0$2,161,044
78$4,184,935$0$0$2,320,070
79$4,536,557$0$0$2,516,682
80$4,921,675$0$0$2,732,087
81$5,343,629$0$0$2,968,164
82$5,806,102$0$0$3,226,978
83$6,313,145$0$0$3,510,807
84$6,869,223$0$0$3,822,159
85$7,479,254$0$0$4,163,796
86$8,148,653$0$0$4,538,761
87$8,883,386$0$0$4,950,406
88$9,690,024$0$0$5,402,422
89$10,575,806$0$0$5,898,877
90$11,548,706$0$0$6,444,251
91$12,617,507$0$0$7,043,479
92$13,791,888$0$0$7,701,998
93$15,082,509$0$0$8,425,800
94$16,501,114$0$0$9,221,482
95$18,060,643$0$0$10,096,315
96$19,775,352$0$0$11,058,310
97$21,660,944$0$0$12,116,293
98$23,734,725$0$0$13,279,985
99$26,015,760$0$0$14,560,101
100$28,525,052$0$0$15,968,443